Wealthtech startup PowerUp Money raises $7.1 million from Accel, Blume, and others in its first institutional funding round to enhance its mutual fund investment platform.
Wealthtech startup PowerUp Money raises $7.1 million from Accel, Blume, and others in its first institutional funding round to enhance its mutual fund investment platform.
06/11/25, 1:11 AM
Location
bengaluruMoney raised
$7.1 million
Industry
fintech
Round Type
seed
Investors
De Vc, 8i Ventures, Kae Capital, Blume Ventures, Accel
Bengaluru-based wealthtech startup PowerUp Money has raised $7.1 million in its first major institutional funding round, led by Accel and Blume Ventures. The venture, founded by Prateek Jindal, offers direct mutual fund investments to retail investors. With a vision to capture the growing Indian mutual fund market, PowerUp Money aims to provide advisory services for clients' investments. This funding will help the startup build a technology-led product to enhance its offerings.
Company Info
Location
bengaluru, karnataka, india
Additional Info
PowerUp Money is a Bengaluru-based wealthtech startup offering direct mutual fund investments to retail investors. Founded by Prateek Jindal, the platform also provides advisory services on mutual fund investments with a registered investment advisor (RIA) license. The firm aims to grow the Indian mutual fund user base by providing technology-led products and quality advisory services. It targets retail investors with manageable investment sizes and plans to strengthen its offerings with the newly raised funds.